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Dec 6, 2012
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president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000. they have a little room to leverage but right now they have zero leverage, zero. >> do you agree with that? i don't know if i agree with that. it's hard once the rates go back to 39.6 or whatever they go to, to go back and say, now we to want cut taxes for the rich. what's the reason to do it? the republican party says we have to stop the government, stop paying our debts, don't pay our bills anymore because we have to help out the rich now. that would be the worst situation to be in. >> as the conversation shifts really to the bottom line in the deficit. at the end of the day the whole thing is ab
president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000....
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Dec 1, 2012
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in a moment the fiscal cliff cuts that could affect people in a fight for their lives. you're watching "weekends with alex witt." you're watching weekend with add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> today is world aids day when people around the globe come together to show their support for the millions who have died from the disease and for those who are living with it. incredible advancements have been made, but a new report finds that budget cuts included in the fiscal cliff could cost aids and h.i.v. programs nearly 700 million in funding. we like to see that red ribbon on the front of the white house. joining me is michael elliott, president and ceo of one, the global advocacy organization formed by bono. >> how are you? >> i'
in a moment the fiscal cliff cuts that could affect people in a fight for their lives. you're watching "weekends with alex witt." you're watching weekend with add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male...
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Nov 22, 2012
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as jared says, it's a fiscal slope, it is not a cliff. if we let the tax cuts expire, they expire. then democrats come back in the early next year with middle class tax cut and restore the tax cuts for the middle class only. they leave that top 2% with their taxes up. that's smart politics. i think -- >> what about economically? >> i don't -- >> i want him to follow up on that, what you think would happen if joan's scenario played out. >> come on, jared. >> i think if it were clear to markets and clear to employers and all the other economic actors out there that a deal like joan described was in the offing, i think we would basically be fine. listen, the leverage is really important. joan has a point. the idea that income tax rates have to expire on the top 2% of households makes a ton of sense and a very important development here. it's bad for grover norquist but good for america and should be the end of asymmetrical tax policies where rates only go down, they never go up. that said, look, there may need to be some entitlements on the table. the president has already done so in
as jared says, it's a fiscal slope, it is not a cliff. if we let the tax cuts expire, they expire. then democrats come back in the early next year with middle class tax cut and restore the tax cuts for the middle class only. they leave that top 2% with their taxes up. that's smart politics. i think -- >> what about economically? >> i don't -- >> i want him to follow up on that, what you think would happen if joan's scenario played out. >> come on, jared. >> i think...
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Dec 31, 2012
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what we're doing here, we are not going to offset the fiscal cliff, just doing the bush tax cuts. we'll only take away about 11%, 12% of total economic impact of the so-called fiscal cliff, all of the policies brought together because you'll be letting the payroll tax expire, the refundable tax cuts expire, and the sequester will be doing and we won't be doing much deficit reduction. we'll be increasing the deficit. it is just, i think, hard to step back and take in the totality of congressional failure around this issue. >> well, let's talk about what exactly is likely to happen or is the threat of what will happen. talk about the pentagon. talk about federal workers. talk about obviously the unemploy unemployed whose benefits are going away. >> absolutely. the biggest -- the most dangerous thing, the fiscal cliff is the unemployment insurance. if we go over for a month we can sort of trick everything else. we can -- the irs can do some tricks to make it so you don't feel tax increases quickly. we can do tricks to make it so we don't lay off people at pentagon, we can furlough th
what we're doing here, we are not going to offset the fiscal cliff, just doing the bush tax cuts. we'll only take away about 11%, 12% of total economic impact of the so-called fiscal cliff, all of the policies brought together because you'll be letting the payroll tax expire, the refundable tax cuts expire, and the sequester will be doing and we won't be doing much deficit reduction. we'll be increasing the deficit. it is just, i think, hard to step back and take in the totality of...
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Nov 30, 2012
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cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me and i don't think it's acceptable to for you republicans to hold tax cuts hostage because they don't want rates on upper folks to go up. >> john boehner scheduled a last minute news conference. fired back with this. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from the white house, white house correspondent kristen welker. what's the latest from 1600 penn
cliff. first up, the president. the president who traveled to a toy company in pennsylvania today to call on congress to extend tax cuts for the middle class. president obama playing a little hardball accusing republicans of playing politics at the expense of american families. >> it's not acceptable to me and i don't think it's acceptable to for you republicans to hold tax cuts hostage because they don't want rates on upper folks to go up. >> john boehner scheduled a last minute...
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Sep 22, 2012
09/12
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the fiscal cliff which basically is a combination of the bush tax cuts expiring and a proposed across-the-board -- not proposed, it's a mandated across-the-board cut of about 9% in all discretionary programs in the country is what we have to deal with, along with the farm bill and other items. this fiscal cliff is something that is really holding the economy back. and our republican friends always talk about we need to do away with uncertainty. but they've created this uncertainty by refusing to negotiate essentially what most of us agree on. we all agree, boeing sides agragree -- both sides agree that a massive cut in federal spending now would impair the economy. it would destroy jobs. we also agree that we don't want to raise taxes on 98% of the american people. it's that last 2%, people making over $250,000 a year, where -- that is holding the hold negotiating process up. >> so if -- if there is no budge on this, it doesn't seem like as the people are watching this, that we're really going to get anywhere from you and your colleagues on the hill. but i want to get your reaction to what the
the fiscal cliff which basically is a combination of the bush tax cuts expiring and a proposed across-the-board -- not proposed, it's a mandated across-the-board cut of about 9% in all discretionary programs in the country is what we have to deal with, along with the farm bill and other items. this fiscal cliff is something that is really holding the economy back. and our republican friends always talk about we need to do away with uncertainty. but they've created this uncertainty by refusing...
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Nov 28, 2012
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we have a fiscal curve/cliff/mole hill, however you choose to describe it, that includes, of course, the bush tax cuts, but also, the bigger piece is sequestration and the payroll tax cut again. another fight the president has had before. what do you make of his focus only on the bush tax cuts and specifically the middle income earners. >> this was a theme throughout the campaign, something he came out early on and hit hard on. it underscores this larger issue about inequality in this country which is an economic problem. you can't have a sustained recovery when 98% of the population hasn't gotten a raise in the last few years or decades depending on who they are. i think people are starting to focus on that. i think this issue of taxes is crucial of that. i think if we're going to go to the other cuts that need to happen, the entitlement reform you need to have a sense from the population that the rich are doing their part, that there is a sort of social cohesion. you can look to europe and see what happens when you don't have that. >> the president spoke in his comments effectively
we have a fiscal curve/cliff/mole hill, however you choose to describe it, that includes, of course, the bush tax cuts, but also, the bigger piece is sequestration and the payroll tax cut again. another fight the president has had before. what do you make of his focus only on the bush tax cuts and specifically the middle income earners. >> this was a theme throughout the campaign, something he came out early on and hit hard on. it underscores this larger issue about inequality in this...
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Dec 22, 2012
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and investors cuts their pace today with setbacks in the fiscal cliff. s&p down 13 rand the nasdaq tumbled to 29. now, back to "hardball." >>> it's official. president obama announced he would replace secretary of state with john kerry. >> i'm very proud to announce my nomination for secretary of state, john kerry. in a sense, jorn's entire life has prepared him for this role. as the son of a foreign service officer, he has a deep respect for the men and women of the state department. having served with valor in v t vietnam, he understands that we have a responsibility to use american power wisely, especially our military pow. >> what does today's announcement mean for the president's second term. and what does it mean for kerry's senate seat? susan milligan and robert costa. >>> susan, president obama and senator kerry have shared a unique history over the past eight years and that's something that the president referred to today. >> of course, i also have to say thanks because john invited a young illinois state senator to address the democratic conven
and investors cuts their pace today with setbacks in the fiscal cliff. s&p down 13 rand the nasdaq tumbled to 29. now, back to "hardball." >>> it's official. president obama announced he would replace secretary of state with john kerry. >> i'm very proud to announce my nomination for secretary of state, john kerry. in a sense, jorn's entire life has prepared him for this role. as the son of a foreign service officer, he has a deep respect for the men and women of...
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Jul 12, 2012
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and besides that, we're not going to go over the fiscal cliff. there is too much horse trading that will happen. the debt limit is vital. right? they cannot bust through the bust limit, we're in default. to get the debt limit raised again, they're going to have -- the democrats, if it is, indeed, them, who are doing the negotiating -- will have to hand over something such as avoiding the deep defense cuts and then you're into a battle over what are the give and takes on the bush tax cuts? all that stuff expires at the end of the year. all of it comes due then. do you as a re-elected president, a new president, as a new congress want to waste the first couple months of the new year doing this or try to get rid of it? >> and deal with the repercussions retroactively which has been floated out there. we shall she, wiley coyote, if he falls, whether he falls at all, if it's a gentle slope. not a good cartoon if it's a gentle slope. >>> coming up, total disregard. former direct of the fbi releases a new report finding penn state officials concealed fa
and besides that, we're not going to go over the fiscal cliff. there is too much horse trading that will happen. the debt limit is vital. right? they cannot bust through the bust limit, we're in default. to get the debt limit raised again, they're going to have -- the democrats, if it is, indeed, them, who are doing the negotiating -- will have to hand over something such as avoiding the deep defense cuts and then you're into a battle over what are the give and takes on the bush tax cuts? all...
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Nov 9, 2012
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today the president will layout his marker for negotiations on the fiscal cliff. the combination of tax hikes and spending cuts that will kick in at the end of the year if nothing is done. a midnight december 30th, the bush tax rates will expire, the alternative minimum tax kicks in. more than half of married couples with two children will owe an additional $4,000 in taxes a year. and the 2011 temporary payroll tax cut expires, meaning a 2% tax increase for most workers. if nothing is done, $984 billion in defense and non-defense cuts that congress agreed to, which is referred to as so-called sequester in washington's beat, that will go into effect. emergency unemployment benefits also be expire. during the campaign the president laid down a line in the sand on the bush tax cuts. >> will you veto any legislation that extends all of the bush tax cuts, even to what you call the wealthy? >> yes. the reason is we can't afford it. it will cost us a trillion dlz. >> last night john boehner laid out his opening offer. >> i've made it clear to the president and i think i
today the president will layout his marker for negotiations on the fiscal cliff. the combination of tax hikes and spending cuts that will kick in at the end of the year if nothing is done. a midnight december 30th, the bush tax rates will expire, the alternative minimum tax kicks in. more than half of married couples with two children will owe an additional $4,000 in taxes a year. and the 2011 temporary payroll tax cut expires, meaning a 2% tax increase for most workers. if nothing is done,...
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Nov 8, 2012
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i do think there will be a bit of a fight over the fiscal cliff. of course, it involves taxes and spending cuts. you're always going to have a back and forth when you have big issues like that. i don't think you're going to see the big crisis that we saw oi over the debt ceiling debate during the summer of 2011. >> kristen we wilker, thanks so much. we appreciate it. let's look at the fiscal cliff looming over their heads, with either party truly compromising, or will america go off the cliff in an all out stalemate. joining me is nbc's policy analyst and washington post columnist ezra klein. let's get into this. part of the sticking point are the bush-era tax cuts. the president drew a line in the sand and said no extension for those making more than $250,000. is this a game of chicken, and if so, who's going to blink first? >> it is a game of chicken. the fiscal cliff, i always like to call it the fiscal collision. you're dealing with two competing priorities. a lot of people say they want deficit reduction, but if you really get to the bottom of
i do think there will be a bit of a fight over the fiscal cliff. of course, it involves taxes and spending cuts. you're always going to have a back and forth when you have big issues like that. i don't think you're going to see the big crisis that we saw oi over the debt ceiling debate during the summer of 2011. >> kristen we wilker, thanks so much. we appreciate it. let's look at the fiscal cliff looming over their heads, with either party truly compromising, or will america go off the...
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Nov 13, 2012
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cliff. there was little talk about what washington will have to do. here we are and have to deal with the major issues that could have a negative impact on the economy. the people who were pushing big deficit packages, even the business communities say, if we get a deal, that would be good for the economy and grow jobs. but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington is how do we avert this crisis. it's not how are we going to create jobs right now. >> i guess we'll have to wait a little longer. thank you. >>> up next, bizarre doesn't cut it. a shirtless fbi agent, another top general and 30,000 pages of e-mails and documents. the new twists and turns in the spy scandal as we roll on, tuesday, november 13th. free app that makes watching tv even better. if your tv were a hot dog zeebox would be some sort of fancy, french mustard. when they magically unite, people w
cliff. there was little talk about what washington will have to do. here we are and have to deal with the major issues that could have a negative impact on the economy. the people who were pushing big deficit packages, even the business communities say, if we get a deal, that would be good for the economy and grow jobs. but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington...
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Dec 22, 2012
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cliff all together. republicans should support passing a bill that extends tax cuts for families up to $250,000 and delays the so-called sequester while we negotiate additional policies next year. but the bottom line is moving forward will require cooperation from speaker boehner and senator mechanic connell. we hope they'll return from christmas ready to coop rate. >> well, you know, senator reid can try to fill that vacuum. but he controls one-half of one of the two bodies in congress. it still boils down to this dynamic that hasn't changed now for a year and a half. the democrats, and you've got to include reid and the president, are negotiating with a side led by john boehner who, despite whatever he may want to do himself, can't bring together his own team. he's being held hostage by his own kau cuss. now, i wrote this in the book i had about the last time we went through this a year and a half ago, that mitch mcconnell is one of the craftiest negotiators on capitol hill. last year, when we had this
cliff all together. republicans should support passing a bill that extends tax cuts for families up to $250,000 and delays the so-called sequester while we negotiate additional policies next year. but the bottom line is moving forward will require cooperation from speaker boehner and senator mechanic connell. we hope they'll return from christmas ready to coop rate. >> well, you know, senator reid can try to fill that vacuum. but he controls one-half of one of the two bodies in congress....
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Jul 18, 2012
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cliff. behind the scene both parties are trying to figure out a way to keep a trillion dollars of spending cuts from kicking in. john barasso, good morning, sir. how are you? >> good, luke. thanks. >> thanks so much for being on here. before we get into the business of capitol hill, mr. mcconnell was asked this question yesterday about mitt romney's tax returns. this was his response. >> i wish the president would let us know what he knew about fast and furious. he's in office. that's directly related to his re-election, his performance. those are the kind of disclosure issues, if you will, that the american people are really interested in. the campaign can speak for itself on its strategy. >> i have to ask you now on the heels of the national review, saying mitt romney should release his tax returns, as well as rick perry, should he do more so that we can move on to bigger issue that is the country cares about? >> the campaign will speak for itself. people at home, across wyoming say they'r
cliff. behind the scene both parties are trying to figure out a way to keep a trillion dollars of spending cuts from kicking in. john barasso, good morning, sir. how are you? >> good, luke. thanks. >> thanks so much for being on here. before we get into the business of capitol hill, mr. mcconnell was asked this question yesterday about mitt romney's tax returns. this was his response. >> i wish the president would let us know what he knew about fast and furious. he's in...
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Dec 5, 2012
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at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday. >> we've wasted enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. so i have no other particular observation than i commend the house republican leadership for trying to move the process along and getting to a point where hopefully we can have a real discussion. >> but why is the the gop still hot on its desire to raise money through cuts and deductions rather than an actual increase in the top end tax rate? well, i think it's likely because the most ductions in states happen to be the higher blue states. in other word
at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday....
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Dec 22, 2012
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can the military survive the spending cuts as they stand the fiscal cliff? >> if the fiscal cliff goes into -- goes into effect as of january -- initial january 2, it will be in effect. if that goes into effect on that day there will be serious cuts that will be mandated and affect the national security and it is -- exactly the wrong thing to be doing. as i indicated before, there are cuts that can be made in the defense budget. they have to be managed properly and not simply across board-type of arbitrary slashing of that budget. i think that will endanger our security and we can make further cuts. it has to be done prudently and with discussion and wisdom. i don't think that's the congress should take or wants to take. unfortunately, there aren't enough people up there willing to back away and do the right thing under the circumstances. yes, it will be a hardship and one this country should not have to endure. >> all right. thank you, mr. secretary. great to see and you appreciate your time. >>> caution may be the buzz word for lots of folks doing their ho
can the military survive the spending cuts as they stand the fiscal cliff? >> if the fiscal cliff goes into -- goes into effect as of january -- initial january 2, it will be in effect. if that goes into effect on that day there will be serious cuts that will be mandated and affect the national security and it is -- exactly the wrong thing to be doing. as i indicated before, there are cuts that can be made in the defense budget. they have to be managed properly and not simply across...
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Dec 31, 2012
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in the fiscal cliff could slow economic growth by a half a percentage point and send unemployment up to 9.1% over the course of 2013. the nonpartisan tax policy center calculate that is the average middle class family would see its tax rates -- its tax bills rise next year by $2,000. the fiscal cliff isn't the only thing rattling the economy. in just a few weeks lawmakers will begin battling over the debt ceiling. you may recall that in the summer of 2011 the debt limit standoff led to the first ever downgrade of the nation's credit rating. joining us now from capitol hill is cnbc's aman jabbers. appreciate you helping us make sense of all of this. >> happy new year. thank you for having me. >> on a less happy note, there are economists who are saying this whole fight over the fiscal cliff, the rangeling in washington has already caused a hit on the economy. can you explain sort of what the impact of the debate has been. >> you dw definitely seen it. ju as early as friday when we report that the president was not making his new offer with offers down at the white house. we saw the st
in the fiscal cliff could slow economic growth by a half a percentage point and send unemployment up to 9.1% over the course of 2013. the nonpartisan tax policy center calculate that is the average middle class family would see its tax rates -- its tax bills rise next year by $2,000. the fiscal cliff isn't the only thing rattling the economy. in just a few weeks lawmakers will begin battling over the debt ceiling. you may recall that in the summer of 2011 the debt limit standoff led to the...
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Nov 29, 2012
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind john boehner's plan with this clip from the town. >> i need your help. i can't tell you what it is. you can never ask me about it later. we are going to hurt some people. >> whose car are we going to take? >> if you haven't seen the movie, two characters go to beat up a guy. mccarthy showed a clip where a thief emphasized not asking questions in a situation where people were going to get hurt. mccarthy also organized the republican screening of mo
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's...
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Nov 29, 2012
11/12
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even...
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Dec 20, 2012
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we are again, taking concrete actions to avoid the fiscal cliff. >> the house leader -- house majority leader eric cantor taking questions about the two votes that will take place today. the two different bills that are coming up in the house. the sequester replacement cuts bill which will replace the automatic cuts scheduled to go into effect for the state department in 2013 and the plan b which was presented by house speaker boehner which will extend the bush-era tax cuts for those making less than $1 million. it is a tax hike, though, for those making over $1 million. the president has said he will use his veto power if it made it out of the senate, but plan b is doa. we will talk more about that because coming up, congress will hold more hearings today on the benghazi attack without hearing from secretary of state hillary clinton and the man who with could take her place rises to her defense. however, will hillary clinton soon testify? ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole gra
we are again, taking concrete actions to avoid the fiscal cliff. >> the house leader -- house majority leader eric cantor taking questions about the two votes that will take place today. the two different bills that are coming up in the house. the sequester replacement cuts bill which will replace the automatic cuts scheduled to go into effect for the state department in 2013 and the plan b which was presented by house speaker boehner which will extend the bush-era tax cuts for those...
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Dec 21, 2012
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the house has already passed bills addressing the fiscal cliff. passed a bill and replacing the president's sequester with responsible spending cuts and did it last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january the 1st and we did that on august 1st. and we propose plans over and over again, the democrats used to support and now they won't. i don't want taxes to go up. republicans don't want taxes to go up. we only run the house. democrats continue to run washington. what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy and he simply won't deal honestly with entitlement reform and the big issues facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. we'll continue to work with our colleagues in the house and the senate on a plan that protects families
the house has already passed bills addressing the fiscal cliff. passed a bill and replacing the president's sequester with responsible spending cuts and did it last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january the 1st and we did that on august 1st. and we propose plans over and over again, the democrats used to support and now they won't. i don't want taxes to go up. republicans don't want taxes to go up. we only run the house....
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Jul 24, 2012
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as you know, a big part of the sequester or the fiscal cliff, rather, is a $1.2 trillion spending cut, 600 on the defense side, 600 on the domestic side. and the republicans are very panic about the 600 on the defense side. dick cheney has been telling them, oh, you can't do this. our defenses will be gutted, and other things of that sort. and one of the interesting things is that they're trumpeting a study from the aerospace industries association, protecting 2 million jobs will be lost from this defense sequester. but that suggests that we're also going to lose 2 million from the nondefense sequester, and that also suggests that if spending cuts reduce jobs, then maybe spending increases might increase them. >> and bruce, so that's republicans saying, look, we have a study that says, if we cut defense spending, we will lose jobs. and they have been arguing in the past, including paul ryan and all these people, that the government has no affect on jobs whatsoever. >> well, on the contrary, they say that cutting spending increases jobs. that is what paul ryan has said. and so, now the
as you know, a big part of the sequester or the fiscal cliff, rather, is a $1.2 trillion spending cut, 600 on the defense side, 600 on the domestic side. and the republicans are very panic about the 600 on the defense side. dick cheney has been telling them, oh, you can't do this. our defenses will be gutted, and other things of that sort. and one of the interesting things is that they're trumpeting a study from the aerospace industries association, protecting 2 million jobs will be lost from...
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Dec 5, 2012
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they are understanding it as we get closer to the fiscal cliff. >> it says a signal to people that the senate passed tax cuts for 98% of americans but they won't do it in the house. that was before the election. and i just holding the ground is going to be important, no question about that. i get a sense the democrats are unified. but going over the cliff, that affects the constituents big time. correct? >> how do you hold that together? >> there's unanimity that july 25th, we passed tax cuts for the 98% to continue this tax policy that they get an average tax cut meaning if it expires, their taxes go up. republicans know that. republicans know if they don't do it by january 1st, we're going to keep passing tax cuts for the middle class. if they keep saying no, eventually they won't because the public pressure will be on them they need to step up. they have to quit protecting. they do everything in the name of the wealthy. >> okay. sherrod brown, stay with us. i appreciate it. >>> it looks like senator-elect elizabeth warren, a champion of financial reform, will get a spot on the banki
they are understanding it as we get closer to the fiscal cliff. >> it says a signal to people that the senate passed tax cuts for 98% of americans but they won't do it in the house. that was before the election. and i just holding the ground is going to be important, no question about that. i get a sense the democrats are unified. but going over the cliff, that affects the constituents big time. correct? >> how do you hold that together? >> there's unanimity that july 25th, we...
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Dec 21, 2012
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no deal to avoid the fiscal cliff and its inducing spending cuts. check. no deal to avoid tax hikes on 100% of americans. check. the republican mutany was successful, but the cost could ultimately sink the economy. joining us now from the capitol is nbc's luke russert. how are you doing? >> ari, how are you, sir? good to see you in the chair. >> nice to see you. let's go right to it. when speaker boehner says it's now up to the president, what does that mean to you, and how does that basically intersect with the reporting you did last night showing this was a real tough conference meeting? >> well, it's interesting. it's what is the path forward from here, ari, and to be quite frank with you, nobody necessarily knows that. there are a few options here. does the negotiations between president obama and speaker john boehner continue, and perhaps he brings up legislation on the house floor that does not have a majority of the house gop conference? probably not going to do that. i have been informed that they would like to have a sort of basement of 120 votes
no deal to avoid the fiscal cliff and its inducing spending cuts. check. no deal to avoid tax hikes on 100% of americans. check. the republican mutany was successful, but the cost could ultimately sink the economy. joining us now from the capitol is nbc's luke russert. how are you doing? >> ari, how are you, sir? good to see you in the chair. >> nice to see you. let's go right to it. when speaker boehner says it's now up to the president, what does that mean to you, and how does...
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Dec 10, 2012
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extension, which is a significant component of the fiscal cliff. it's not all of it, because you also have the see quester. you also have the payroll tax cut extension issue. of course, you have the president's jobs initiatives which he has proposed as part of an effort not just to maintain the current level of economic activity, but to increase it and put more people back to work. best case scenario is we get an agreement that resolves all those issues as well as the debt ceiling, but at the very least i think we would avoid big pieces of the fiscal cliff. thanks for joining us today. >> good to be with you. >> what will come from the closed door meeting between the president and speaker pain every wresh we'll talk with bill daley, former chief of staff for president obama. >>> an historic day for girls day worldwide. in honor of malala, the pakistani teen shot by the taliban. this is andrea mitchell on msnbc. sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. real
extension, which is a significant component of the fiscal cliff. it's not all of it, because you also have the see quester. you also have the payroll tax cut extension issue. of course, you have the president's jobs initiatives which he has proposed as part of an effort not just to maintain the current level of economic activity, but to increase it and put more people back to work. best case scenario is we get an agreement that resolves all those issues as well as the debt ceiling, but at the...
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Dec 26, 2012
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cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are optimistic this new plan, if we do go over the clifr, would work out. so what would half if we go over the cliff? the payroll tax holiday will expire on new year's day. that means most people will start paying more taxes in each paycheck. another 21 million americans would lose federal emergency unemployment benefits and those, let's remember, are people struggling the most right
cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending...
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Dec 11, 2012
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. >> the speaker, last week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff erskine bolles. as he said on sunday, we have to cut spending. well, he is right. washington has a spending problem. let's be honest, we're broke, and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting. cordal. we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. you know, where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not physicianing our problem. frankly, it's making it worse. on top of that, the president wants to ra
. >> the speaker, last week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff erskine bolles. as he said on sunday, we have to cut spending. well, he is right. washington has a spending problem. let's be honest, we're broke, and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday....
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Nov 28, 2012
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today, the long worth congress building protesting spending cuts on the far side of the fiscal cliff and what that would mean for aids funding specifically, there was a nude awakening. aids protesters marching into house speaker john boehner's office to give him the naked truth. boehner, boehner, don't be a sick. budget cuts will make us sick. the budget cuts are really rude, that's why we have to be so lewd. they were trying to lay bare the potential cuts for aids, the protests also served to put a naked spotlight on a major statement expected tomorrow from secretary of state hillary clinton. on the occasion of world aids day, secretary clinton is due to unveil an aids free generation. secretary clinton will make that announcement on thursday morning, but in advance of that renewed commitment to fighting aids, this group, which is known for memorable protests any way, found a way to be more memorable today. one of the groups involved in today's event tweeted, watch naked aids activists take over boehner's office at congress. that was their tweet that you could watch them and you rea
today, the long worth congress building protesting spending cuts on the far side of the fiscal cliff and what that would mean for aids funding specifically, there was a nude awakening. aids protesters marching into house speaker john boehner's office to give him the naked truth. boehner, boehner, don't be a sick. budget cuts will make us sick. the budget cuts are really rude, that's why we have to be so lewd. they were trying to lay bare the potential cuts for aids, the protests also served to...
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Dec 26, 2012
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. >> president obama is cutting short his christmas break with the fiscal cliff looming large. >> the fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no control over his extreme right wing faction. >> should anybody's taxes be raised at this point? answer yes or no. >> no. no. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls behind as he gets back to work to try to prevent tax increases and spending cuts due to begin next week. there's just one problem. it appea
. >> president obama is cutting short his christmas break with the fiscal cliff looming large. >> the fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i...
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Nov 30, 2012
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. >> members of his own party seem quite comfortable with sending the economy over the fiscal cliff. no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> speaker boehner doesn't want to propose spending cuts, so now he's trying to pressure the white house to do it. >> there's been no serious discussion of spending cuts so far. and unless there is, there's a real danger of going off the fiscal cliff. >> a reporter asked senate majority leader harry reid about speaker boehner's comments. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him. okay? >> and, of course, another day more republicans dumping grover norquist. among nebraska and is iowa republicans, most of them told the world herald this week they could support a broad budget agreement, even if the deal ends up including higher tax revenues. i won't have a problem with letting those tax rates go up, representative mike simpson said to reuters. but new york
. >> members of his own party seem quite comfortable with sending the economy over the fiscal cliff. no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> speaker boehner doesn't want to propose spending cuts, so now he's trying to pressure the white house to do it. >> there's been no serious discussion of spending cuts so far. and unless there is, there's a real danger of going off the fiscal cliff. >> a...
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Nov 11, 2012
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the goal of that meeting, to avoid the so-called fiscal cliff, a $600 billion set of automatic tax hikes and spending cuts that if unanswered could kick the country back into a recession. on "meet the press," both sides debated whether raising revenue by taxing wealthier citizens would help. >> is the bottom line that republicans losing this election means as the president said that they have to give in and allow taxes to go up on wealthier americans? >> the question is how do you do that. and how do you allow taxes to rise at the same time you fix the real problem. and the real problem is uncontrolled entitlement spending and a government that has grown massively. >> we never really get real revenues because people believe in some things like dynamic scoring, sort of a counterintuitive view that if you cut taxes, you will get deficit reduction. and increased government revenues. it doesn't make sense. i call it rumblestilken. it's a fairy tale. >> mike vaquero is at the white house. in all seriousness, who are the big players? >> i think there are two and that is the speaker of the hous
the goal of that meeting, to avoid the so-called fiscal cliff, a $600 billion set of automatic tax hikes and spending cuts that if unanswered could kick the country back into a recession. on "meet the press," both sides debated whether raising revenue by taxing wealthier citizens would help. >> is the bottom line that republicans losing this election means as the president said that they have to give in and allow taxes to go up on wealthier americans? >> the question is...
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Sep 9, 2012
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cliff that's going to happen, which is all the bush tax cuts expire, the sequestration goes into effect, a huge, huge, horrible shock to the economy if everything just -- all the taxes went up, the spending went down. we'd have this big effect. there's an argument to be made that's going to give the president leverage to deal with republican obstruction. i'm curious what you guys make of that argument. i want to be persuaded by it. >> well, i think it will give the president leverage. how that will be used is another question. i mean, we learned during the last fight over expiration of the tax cuts that the republicans were actually willing to do a lot to get the upper income tax cuts. they agreed to extensions of unemployment insurance, they agreed to continuation of payroll tax cut. so strategically the president has an opportunity he wouldn't have otherwise. the problem right now is everything he wants to do, like the jobs act, requires congressional action with the senate filibuster. nothing will happen. but this has to happen, right? and most of the observers i think now believe th
cliff that's going to happen, which is all the bush tax cuts expire, the sequestration goes into effect, a huge, huge, horrible shock to the economy if everything just -- all the taxes went up, the spending went down. we'd have this big effect. there's an argument to be made that's going to give the president leverage to deal with republican obstruction. i'm curious what you guys make of that argument. i want to be persuaded by it. >> well, i think it will give the president leverage. how...
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Dec 21, 2012
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cliff. many democrats up here believe the republicans want to go off the cliff. i got to tell you, i don't think anybody wants to go off the cliff. obviously the president is in a politically advantageous point. there is no question about it. but, again, i think the most likely solution here to bar an economic cat chris am, another recession is what we're talking about, raising taxes to the tune of $2,200 for next year for the average american family of four if there is no resolution. there's a lot at stake here. there's a long list of taxes that are going to go up, kick back in, the amt, estate tax, the payroll tax, and, of course, income taxes. i think both men want to have a deal simply because this might even sound naive at this point, because it's the best thing for the country. >> stay with us, please, if you will. south carolina republican congressman mick mulvaney is here with me tonight. he's one of many republicans who plan to vote no on plan "b." welcome, congressman, thank you fo
cliff. many democrats up here believe the republicans want to go off the cliff. i got to tell you, i don't think anybody wants to go off the cliff. obviously the president is in a politically advantageous point. there is no question about it. but, again, i think the most likely solution here to bar an economic cat chris am, another recession is what we're talking about, raising taxes to the tune of $2,200 for next year for the average american family of four if there is no resolution. there's a...
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Dec 20, 2012
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their plan "b" is slow walk us over the fiscal cliff. for weeks, the white house said that if i moved on rates that they would make substantial concessions on spending cuts and entitlement reforms. i did my part. they've done nothing. >> but you've pointed out and we just spoke with congresswoman swartz about the concessions the president made and there's some who believe he might go up to maybe 500,000 as the income threshold. >> that's right. one thing the house republicans and john boehner wanted is balance. essentially, a one to one in revenues and spending cuts and what the white house proposed on monday, actually, had 1.2 trillion dlar in new revenues and $1.2 in spending cuts, the balance. what upset house republicans is about $300 billion of those cuts actually dealt with interest and john boehner and house republicans said that interest, that's not a spending cut and though it's counted in previous spending cut scorings and where the divide is right now. you might not have a one to one but you have something very close to that a
their plan "b" is slow walk us over the fiscal cliff. for weeks, the white house said that if i moved on rates that they would make substantial concessions on spending cuts and entitlement reforms. i did my part. they've done nothing. >> but you've pointed out and we just spoke with congresswoman swartz about the concessions the president made and there's some who believe he might go up to maybe 500,000 as the income threshold. >> that's right. one thing the house...
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Dec 3, 2012
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immediately, avoid the biggest part of the fiscal cliff. we can get all the democrats to sign it. we'll probably need 26 republicans to sign it, and if we can get 26 republicans. >> what is the likelihood of that? >> as you've heard, a growing number of house republicans like tom cole of oklahoma have said na it makes sense to proceed with what we can already agree on. if they agree to extend middle class tax cuts, here's their opportunity. i think you're going to see growing pressure. i'm sure the spoker of the house will tell his members not to sign athat petition. it will provide a very clear signal as to whether or not people really support an extension of the middle class tax cut. that's how to get it done now. >> you referred to congressman cole, who was on the sunday morning programs. he was one of the first vocal republicans in the house to say there needs to be a resolve here. he also pointed the finger at the president if you will regarding leadership with entitlements reforms. we know secretary geithner said that that the gop nee
immediately, avoid the biggest part of the fiscal cliff. we can get all the democrats to sign it. we'll probably need 26 republicans to sign it, and if we can get 26 republicans. >> what is the likelihood of that? >> as you've heard, a growing number of house republicans like tom cole of oklahoma have said na it makes sense to proceed with what we can already agree on. if they agree to extend middle class tax cuts, here's their opportunity. i think you're going to see growing...
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Nov 13, 2012
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cliff. let me bring in jodi cantor. jodi, good morning. president is hoping to apply lessons of his failed attempt to cut a budget deal last year. >> what the president has to do to build his mandate is to play an inside game and outside game. us use that political asset white house more than ever before. i would 40 republicans there, 40 democrats. but the outside game, means he has to mobilize that base. >> jodi, do you see the president approaching this second term differently. >> oh, absolutely. remember the debt ceiling crisis was the endear in the president obama. there's only the united states of america. then at a critical moment in his presidency, he couldn't even bring red and blue together to come one a common sense budget deal. he has something rare and valuable right now, which is a chance to almost rewrite that history and to do things very differently this time. >> without re-election to worry about, how does that change things for him. >> obviously, things have shifted in cong
cliff. let me bring in jodi cantor. jodi, good morning. president is hoping to apply lessons of his failed attempt to cut a budget deal last year. >> what the president has to do to build his mandate is to play an inside game and outside game. us use that political asset white house more than ever before. i would 40 republicans there, 40 democrats. but the outside game, means he has to mobilize that base. >> jodi, do you see the president approaching this second term differently....
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Nov 29, 2012
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we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a par
we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage....
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Nov 28, 2012
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a deal to avoid the so-called fiscal cliff? some days it feels that way. the president is stepping up his pr effort today delivering remarks this morning surrounded by, quote, middle class americans who will see their taxes go up if no deal is done. he'll sit down with more than a dozen ceos hater today including several who were prominent supporters of mitt romney. the white house even has a new hash tag called #pound#my2k. i asked jay carney whether this is just a game of running out the clock until the real negotiations begin in late december. is everything just killing time until the deadline comes? >> no. >> it seems everybody -- >> it doesn't feel like killing time. >> killing time until the final week and the jet fumes of the airport and then everybody will sit down and hammer this out. >> well, look, here's a fact, the president has on the table a proposal that reduces the deficit by $4 trillion. that is substance. so he has not waited for people to start smelling the jet fumes at national airport. he has actively put f
a deal to avoid the so-called fiscal cliff? some days it feels that way. the president is stepping up his pr effort today delivering remarks this morning surrounded by, quote, middle class americans who will see their taxes go up if no deal is done. he'll sit down with more than a dozen ceos hater today including several who were prominent supporters of mitt romney. the white house even has a new hash tag called #pound#my2k. i asked jay carney whether this is just a game of running out the...
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Nov 14, 2012
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this week the president is holding court with ally and opponents to discuss the upcoming fiscal cliff. yesterday, at a meeting with progressive leaders the president said he would not give in to republican demands to extend all of the bush tax cuts. today he will meet with business leaders. the discussions underscore the president's opposing constituencies, but according to new york magazine's jonathan chaits the president has to do what he want -- joining us now from washington, "new york" magazine columnist by god jonathan chait. hello, my friend. >> thank you. >> jonathan, so the president met with progressive leaders yesterday and i think gave them some welcome news. how does he handle the meeting with the business leaders today some. >> i wasn't there. they didn't invite me. i'm not a business leader. >> you think he has a clear -- i won't say mandate but the wind in his sails on this issue of raising taxes on top earners which may not find favor among the business community. what do you think he can say to them? seems like he's trying to at least put together asemblance of a coa
this week the president is holding court with ally and opponents to discuss the upcoming fiscal cliff. yesterday, at a meeting with progressive leaders the president said he would not give in to republican demands to extend all of the bush tax cuts. today he will meet with business leaders. the discussions underscore the president's opposing constituencies, but according to new york magazine's jonathan chaits the president has to do what he want -- joining us now from washington, "new...